Multiful
ActiveSummary
Multiful has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €2k. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 37% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-21
Solvency63▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.11 in 2024; short-term debt: 39.7% and cash: 10.3% of total assets), but 61.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
1 d early
2023
28 d late
2022
1 d early
2021
30 d late
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 14.3%
2024 · €15k
2018: €-21k
2019: €-10k
2020: €5k
2021: €11k
2022: €5k
2023: €12k
2024: €15k
2018 → 2025
Total assets
€33k▲ 5.9%
2024 · €31k
2018: €37k
2019: €20k
2020: €24k
2021: €22k
2022: €18k
2023: €25k
2024: €31k
2018 → 2025
Net result
€2k▼ 73.3%
2024 · €7k
2018: €7k
2019: €10k
2020: €16k
2021: €6k
2022: €8k
2023: €7k
2024: €7k
2018 → 2025
Working capital
€12k▼ 21.2%
2024 · €16k
2018: €-10k
2019: €-22k
2020: €2k
2021: €13k
2022: €5k
2023: €12k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€5k▼ 57.5%€12k▲ 146%€15k▲ 27.1%€13k▼ 14.3%
Operating result€8k-€11k▲ 32.5%€9k▼ 14.9%€9k▲ 2.2%€2k▼ 72.8%
Net result€6k-€8k▲ 41.0%€7k▼ 15.8%€7k▲ 4.0%€2k▼ 73.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€8k ▲ 483%
Current assets
€25k ▼ 14.8%
Equity and liabilities €33k
Equity
€13k ▼ 14.3%
Debt
€20k ▲ 23.9%
Debt's share of the balance-sheet total rises from 52.8% to 61.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €9k
Cash flow
€3k▼
2024 · €7k
Current ratio
1.94▼
2024 · 2.11
Debt to equity
1.61▲
2024 · 1.12
ROE
15.1%▼
2024 · 48.5%
ROA
5.8%▼
2024 · 22.9%
Interest coverage
10.30▼
2024 · 39.08
Debt ≤ 1 year
€13k▼
2024 · €14k
Debt > 1 year
€6k▲
2024 · €1k
Income taxes
€535▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€31k€33k▲
Fixed assets21/28€1k€8k▲
Tangible fixed assets22/27€1k€8k▲
Plant, machinery and equipment23-€5k
Furniture and vehicles24€1k€2k▲
Current assets29/58€30k€25k▼
Amounts receivable within one year40/41€26k€22k▼
Trade receivables40€17k€8k▼
Other amounts receivable41€9k€13k▲
Cash at bank and in hand54/58€3k€3k▲
Deferred charges and accrued income490/1€600€484▼
Equity and liabilities
Total equity and liabilities10/49€31k€33k▲
Equity10/15€15k€13k▼
Contributions10/11€4k€4k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€9k€7k▼
Amounts payable17/49€16k€20k▲
Amounts payable after more than one year17€1k€6k▲
Financial debts170/4€1k€6k▲
Amounts payable within one year42/48€14k€13k▼
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€4k€4k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€309€769▲
Other operating charges640/8€990€697▼
Gross operating margin9900€10k€4k▼
Operating profit (loss)9901€9k€2k▼
Financial income75/76B€445€265▼
Recurring financial income75€445€65▼
Non-recurring financial income76B-€200
Financial charges65/66B€242€317▲
Recurring financial charges65€242€317▲
Profit (loss) for the period before taxes9903€9k€2k▼
Income taxes67/77€2k€535▼
Profit (loss) for the period9904€7k€2k▼
Profit (loss) for the period to be appropriated9905€7k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€11k▼
Profit (loss) brought forward from the previous period14P€6k€9k▲
Profit to be distributed694/7€4k€4k=
Return on contributions (dividend)694€4k€4k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €2k ▼73.3%
Net result drops to €2k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.44
Current ratio from 1.16 to 2.44; short-term debt falls from €16k to €9k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €16k ▲52.3%
Operating result €20k, net result €16k, both a record.
31-12
Financial
Liquidity times 5current ratio 1.16
Current ratio from 0.25 to 1.16; short-term debt falls from €29k to €16k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wuustwezel · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koningin Fabiolalaan 72990 WuustwezelGround area
597 m²
Building footprint
127 m²
Volume, LiDAR
747 m³
Parcel 11026E0569/00R002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20062.152.943.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11026E0569/00R002 | Flanders | 597 m² | 1 · 127 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 96 EUR awarded · 96 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 96 EUR | 96 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 endedGrafisch vormgever (so)
Publiciteitsschilder (so)
Similar companies · same sector, comparable size
Modulo
BE 0787.926.842
Destelbergen · Eq €12,641
Vonder
BE 0748.735.080
Antwerpen · Eq €12,653
PEOPLE AT THE POINT OF PURCHASE
BE 0472.658.036
Herent · Eq €12,527
Sagas
BE 0758.935.819
Grimbergen · Eq €12,500
FGL Solutions
BE 0726.614.429
Charleroi · Eq €12,702
Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,267 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.